Huraian
⋅ Happy Memorial Day from here in the USA, traders!
Great set up to open up the week!
Here, we are looking at a bullish gartley on the 4h chart with USD/CHF.
Price has been spending the last few days stalling at D point, which is also at the bottom of the current trend channel.
For fundamental confluence, the USD should be gaining strength today since it is Memorial Day. People love to celebrate and spend their money.
Time to place your trade and set you stop loss accordingly!
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786